A Step-by-Step-Guide on how to buy USD Coin (USDC) in Guernsey
Step 1 – Signup to CEX.io You'll first need to purchase one of the bigger currencies. Exchanges commonly accept either Bitcoin or Ethereum in exchange for alternative Coins. Click below for registration and getting your first Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transmit Your Funds to an Crypto Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. USD Coin (USDC) is accessible on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this guide) Make sure you've chosen the right coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etc. In the case you are working with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our manual).
Step 3 – Find USD Coin (USDC) Once your deposit has been approved, you will immediately have access to your finances and you can commence invest and trading. To invest in (USDC) USD Coin on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”. To discover USD Coin (USDC), you'll need to put the short name of the asset (USDC) into the search-box, which is marked in the picture. Be certain of having choosen the correct pairing, we have highlighted this too. Click on “USDC/BTC” to go ahead.
Step 4 – Buying (USDC) USD Coin Once you have located (USDC) USD Coin, you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the image). For now we are creating our own Limit Order. The “Price” field will be automatically filled with the most latest rate (USDC) USD Coin was traded for. This can be changed to your favoured price. The “Amount” field is the volumen of USDC you like to buy. The “Total” field is the whole price in Bitcoin that you'll pay for the complete amount of USDC. When you're happy, click on “Buy USDC”. Your order will be filled when a Seller sells their USDC for the price you gave.
Step 5 – Withdraw USD Coin (USDC) Unless you are trading, best advise is not to keep crypto coins on an Crypto Trader for an longer time period. In order to withdraw your USD Coin (USDC), go to the “Funds” tab and mouse click on “Withdraw”. (USDC) USD Coin can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate USD Coin (USDC) by using the provided drop-down box. Enter the amount of USD Coin (USDC) you would wish to withdraw. Take into account the presented fees/minimums. Also make sure you have entered your right withdraw address. If you are satisfied, click on “Submit”. You may be requested for email/phone verification before a withdrawal.